5 Great CDs to Check Out in September

Certificates of deposit (CDs) might not be as hot as they were last year. Rates have been slowly -- almost imperceptibly -- falling since the beginning of 2024. And with it becoming more and more likely that the Federal Reserve will start cutting its policy rate later this year, CD rates above 5.00% APY will likely become increasingly rare. 

That said, we're still in a period of comparatively high interest rates. While it might not last much longer, you can still find several CDs paying at or above 5.00% APY. Here are five of the best CDs we've found to consider in September. 

1. LendingClub 

LendingClub still has two of the best CD rates we've seen: 4.00% APY on a six-month term and 4.25% APY on a 10-month term. It also has decent rates on its other terms, which range from 18 months to five years. You need a $2,500 minimum deposit to open an account, which could make CD laddering hard for some savers. 

Because of its competitive rates on short terms, LendingClub is ideal if you don't want to lock your money up for a long period. Even on a 6-month CD, a $10,000 deposit could earn almost $250 in interest by the end of that term. 

Our Picks for the Best High-Yield Savings Accounts of 2024

Product	APY	Min. to Earn
American Express® High Yield Savings Member FDIC. APY 3.80% Rate info 3.80% annual percentage yield as of December 28, 2024. Terms apply. Min. to earn $0 Open Account for American Express® High Yield Savings On American Express's Secure Website. Member FDIC.	3.80% Rate info 3.80% annual percentage yield as of December 28, 2024. Terms apply.	$0	Open Account for American Express® High Yield Savings On American Express's Secure Website.
Capital One 360 Performance Savings Member FDIC. APY 3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening. Min. to earn $0 Open Account for Capital One 360 Performance Savings On Capital One's Secure Website. Member FDIC.	3.80% Rate info See Capital One website for most up-to-date rates. Advertised Annual Percentage Yield (APY) is variable and accurate as of Dec. 6, 2024. Rates are subject to change at any time before or after account opening.	$0	Open Account for Capital One 360 Performance Savings On Capital One's Secure Website.
Western Alliance Bank High-Yield Savings Premier Member FDIC. APY 4.46% Rate info The annual percentage yield (APY) is accurate as of November 7, 2024 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Min. to earn $500 to open, $0.01 for max APY Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website. Member FDIC.	4.46% Rate info The annual percentage yield (APY) is accurate as of November 7, 2024 and subject to change at the Bank’s discretion. Refer to product’s website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY.	$500 to open, $0.01 for max APY	Open Account for Western Alliance Bank High-Yield Savings Premier On Western Alliance Bank's Secure Website.

2. Marcus by Goldman Sachs 

Marcus CD rates aren't as high as LendingClub. Its 6-month CD has a 4.10% APY, while its 1-year CD has a 4.10% APY. But if you can't make the high minimum deposit on the LendingClub CD, a Marcus CD might be more approachable. 

With only a $500 minimum deposit, you could snag a good rate without much savings on hand. You can also choose between nine terms, ranging from six months to six years. 

3. Quontic 

Quontic has frequently had the highest CD rates over the last two years. While it recently lowered many of its most lucrative offers, it still has one headlining CD: a 6-month CD with a 4.25% APY. Like Marcus CDs, this one has a low minimum opening deposit of $500.

4. Bread Financial

For a good 1-year CD, check out Bread Savings CDs. Bread Financial currently has one of the few APYs above 5.00% on a 12-month term. What's more, Bread Financial will even let you renew your term at 5.05% APY, thereby extending that high rate further into the future. This essentially gives you a 2-year CD with a rate above 5.00%. 

If you can part from your savings for 24 months, this might be one of the best deals you'll find. 

5. Capital One 

You won't get the highest rate with a Capital One 360 CD. But for some savers, a low minimum deposit might be more important than earning the most APY. 

This is where Capital One 360 CDs shine. Their minimum deposit is one big zero. That's right. There's no minimum deposit requirement when you open a Capital One 360 CD. This can work out perfectly for those who don't have much to invest, especially if you're trying to build a CD ladder. 

Of course, you could also open a CD from any combination of these providers. You don't need to stay with the same bank to build a CD ladder. Since different banks offer different rates and terms, it might be beneficial to mix and match. Take a look at our full list of CD reviews and put that CD ladder on the ground before rates start to drop.